2001 Regular Session

SENATE BILL 247

CHAPTER NUMBER: 586 File Code: State Pensions and Retirement
Sponsored By:
Senator Kasemeyer (Chairman, Joint Committee on Pensions)
Entitled:
Retirement and Pensions - Withdrawing Participating Governmental Units - Return of Assets and Liabilities

Synopsis:

Altering the calculation of the participating fund ratio of a participating governmental unit that provided benefits to its employees; establishing a noncontributory system funding ratio for a participating governmental unit that did not provide benefits to its employees; altering the calculation of reimbursements to participating governmental units withdrawing from the employees' systems; etc.

History by Legislative Date

Senate Action
1/25
First Reading Budget and Taxation
Hearing 2/8 at 8:30 a.m.
2/19
Favorable with Amendments Report by Budget and Taxation
2/20
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/22
Third Reading Passed (47-0)
3/30
Returned Passed
5/18
Signed by the Governor Chapter 586
House Action
2/23
First Reading Appropriations
3/14
Hearing 3/23 at 1:00 p.m.
3/30
Favorable Report by Appropriations
3/26
Favorable Report Adopted
Second Reading Passed
3/27
Third Reading Passed (127-0)
Sponsored by:
Senator Edward J. Kasemeyer, District 12
Pensions, Joint Comm. on
Bill indexed under the following Subjects:
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
LIABILITY -see also- GOOD SAMARITAN
MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
STATE EMPLOYEES
Bill affects the following Statute:
State Personnel and Pensions
( 21-305.5 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 609831/1 (PDF)     Offered on: February 20, 2001   at: 10:57 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
February 22, 2001: Third Reading Passed (47-0)
House
March 27, 2001: Third Reading Passed (127-0)